Rayson and RTK announce merger

Flat Glass industries has announced that its RTK subsidiary has merged with the Rayson Industries subsidiary of Scholz Industries.

According to a statement from Flat Glass Industries, the integration of the facilities of the two companies will lead to manufacturing efficiencies.

The two businesses have cohabited for the past 12 months and it is hoped that the merger will be beneficial to customers and employees.

The new business will be known as Rayson RTK Pty Ltd. Both names have been retained because both have strong market recognition.

The business will be owned by the current owners with approximately 65% holdings by Scholz and 35% by Flat Glass.

The new business will be located in Hallam, Victoria. The merger takes effect from 1 July 2013. It is expected that all details, including due diligence will be completed by the end of July.

Leave a Reply